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Loan Processing Intern Jobs in Indiana (NOW HIRING)

Riley Hospital

Inpatient Pharmacy Technician

Lafayette, IN · On-site

$16.75 - $20.50/hr

Student loan forgiveness - Government program that may allow qualifying participants to have the ... Assists with all functions required for medication processing including answering telephones ...

Stellantis

$13.50 - $18.25/hr

... processes to ensure compliance with Federal, State, Provincial, and Local regulations, as well as ... Loan Refinancing. Time Away from Work Paid time includes company holidays, vacation, and Float ...

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Loan Processing Intern information

What does a loan processing intern do?

A Loan Processing Intern assists loan officers and processors with gathering, organizing, and verifying financial documents from loan applicants. Their tasks may include data entry, reviewing application forms for completeness, and communicating with clients to request missing information. They also learn about industry regulations and the steps required to process different types of loans. This role provides valuable exposure to the lending process and helps interns develop skills for a career in finance or banking.

What skills and qualifications are needed to be a loan processing intern?

To thrive as a Loan Processing Intern, you need a basic understanding of financial principles, attention to detail, and coursework or experience in finance, business, or a related field. Familiarity with loan origination software, Microsoft Office Suite, and document management systems is often expected. Strong organizational skills, effective communication, and the ability to work collaboratively help set candidates apart. These abilities are crucial for ensuring accurate loan documentation, supporting timely processing, and maintaining compliance in a fast-paced financial environment.

What challenges might a loan processing intern encounter, and how can they be addressed?

Loan Processing Interns often face the challenge of managing multiple loan files simultaneously while ensuring accuracy and compliance with regulations. Staying organized and developing strong attention to detail is key to avoiding errors in documentation and meeting tight deadlines. Interns may also need to quickly learn industry-specific software and adapt to evolving processes. Seeking guidance from experienced team members and proactively communicating with loan officers can help interns overcome these challenges and build confidence in their role.

Is loan processing intern a hard job?

A loan processing intern typically performs administrative tasks such as reviewing documents, verifying information, and using loan processing software. The job can be challenging due to attention to detail and understanding financial procedures, but it is generally considered an entry-level position suitable for those willing to learn and develop relevant skills. The difficulty level depends on the complexity of the loans and the intern's familiarity with financial processes.

What are the most commonly searched types of Loan Processing jobs in Indiana?

The most popular types of Loan Processing jobs in Indiana are:

What are popular job titles related to Loan Processing Intern jobs in Indiana?

For Loan Processing Intern jobs in Indiana, the most frequently searched job titles are:

What job categories do people searching Loan Processing Intern jobs in Indiana look for?

The top searched job categories for Loan Processing Intern jobs in Indiana are:

What cities in Indiana are hiring for Loan Processing Intern jobs?

Cities in Indiana with the most Loan Processing Intern job openings:

Loan Processing Intern jobs near you

Capital Markets Intern (Single-Family) - Summer 2027

Carmel, IN • On-site

Merchants Bancorp
See more jobs at Merchants Bancorpexternal

$14.25 - $17/hr

Part-time

Posted 9 days ago

Key responsibilities

  • Support the assigned team with a variety of projects and administrative work related to capital markets and residential mortgage processes.

  • Understand the full life cycle of originating, processing, underwriting, closing, and servicing residential mortgages, including pricing strategies and risk management approaches.

  • Assist with analyzing data, maintaining system/data integrity, and preparing reports using tools such as Power BI.

Job description

Job Type
Part-time, Temporary, Internship
Description
Are you looking for an internship that encourages creativity and innovation? We believe our people make the difference in our business, and our interns are no exception. In our internship program you will be responsible for supporting your assigned team with a variety of projects and administrative work. No coffee runners work here in the summer; you will do real work that you can add to your resume once you have completed this program. For our top performing interns, this program is our pipeline for many of our entry level full-time positions.
As a Capital Markets Intern for our single-family team, you will...
  • Be able to work alongside an experienced and professional Capital Markets team that will help to provide you with the knowledge and support to consider a future career in a Residential Mortgage Capital Markets department.
  • Understand the full suite of products that are offered by Merchants Mortgage, including bank portfolio products, GSE Agency products, and non-Agency products, and the investor eligibility guidelines that make them all unique to potential borrowers.
  • Be exposed to the full life cycle of what it takes to originate a residential mortgage - from origination to processing to underwriting to closing to loan sale and servicing - as a Capital Markets team member, it's important to understand all areas of the business to be effective in your role.
  • Be able to understand pricing strategies and a sound margin management approach which allows us to be both competitive and profitable considering our current loan product offerings.
  • Understand the risks of loan pipeline management and the different approaches to modeling pull-through, managing interest rate risk through pipeline hedging and executing different strategies when it comes to creating and managing investor commitments, including agency cash sales, agency pooling, whole loan sales to private investors and private label securitizations.
  • Understand the importance of good system/data integrity and timely/accurate reporting, utilizing tools such as Power BI, to allow the business to be aware of important trends, to make adjustments to processes as necessary and to make sound business decisions.
  • Be assigned projects tailored to your department. The goal is that you will take what you have learned in your course work, apply it to your projects and then implement those solutions or recommendations. The aim is for these projects to help you build and broaden technical ability as well as help develop emotional intelligence (AKA soft skills).
  • Have both a manager and mentor to help guide you through our program and your day-to-day work.
  • Be given the opportunity to deliver a final presentation of your project results and make business recommendations to your department, team members and executive leadership.
  • Have a better understanding of "what we do and how we do it" and be prepped and ready to enter the workforce.

We also offer weekly Development Days to help our interns grow professionally and learn about our industry. These offerings include...
  • Mock interviews and resume review with our talent management team to help prepare you to enter the workforce.
  • LinkedIn training to help you build and develop your personal profile and teach you about online professional networking.
  • DISC Assessment - coursework on how to leverage work styles and preferences to help improve teamwork, communication, and productivity in the workplace.
  • "Company Insiders" Training - Listen to current Merchants employees tell their success stories and learn about who we are and what each department does to support our success.

Requirements
We are looking for...
  • Students who have completed at least their sophomore year of college. College graduates are welcome to apply as well.
  • High school diploma or GED from an accredited institution required.

Ranked as the top-performing U.S. public bank by S&P Global Market Intelligence, Merchants Bancorp is a diversified bank holding company headquartered in Carmel, Indiana, operating multiple lines of business, including multifamily housing and healthcare facility financing and servicing, mortgage warehouse financing, retail and correspondent residential mortgage banking, agricultural lending, and traditional community banking. Merchants Bancorp conducts its business through its direct and indirect subsidiaries, Merchants Bank, Merchants Capital Corp., Farmers-Merchants Bank of Illinois, and Merchants Mortgage, a division of Merchants Bank.
Merchants Capital was established in August of 1990 as a mortgage banking firm specializing in multifamily housing and health care facilities finance. With extensive experience in these types of finance, the company is a premier provider and servicer of Multifamily, Affordable, Healthcare, and Student Housing. Our mission is simple: to provide the best origination and service of our loan and investment products with exceptional customer service, accuracy, creativity, speed, and conformance to regulations.

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